CLM Studios

CLM Studios Creative agency with offices in London and New York.Paris Representing some of the industry’s most sought after artists.

23/03/2026

OFFICIAL STATEMENT – INVESTIGATION OF SERIOUS IRREGULARITIES AND LEGAL MEASURES

This is, without a doubt, one of the most difficult and serious statements I have had to make since assuming the Presidency of the company.

Following a rigorous internal audit, conducted with complete seriousness and commitment to the truth, extremely worrying indications involving the former executive management and the company's financial directorate were identified.

The findings point to possible irregular practices related to the administration of resources, including transactions inconsistent with official records, lack of transparency in contracts, and strong suspicions of embezzlement.

Given the seriousness of the situation, there is no room for omission.

We are treating this case as a possible crime.

The evidence gathered so far indicates that the company may have been the victim of a structured scheme of mismanagement and misappropriation of resources by the former CEO and members of the financial directorate.

The impacts of this are profound.

Beyond the already known financial losses—which directly contributed to the company's current debt situation—there is also damage to credibility, internal trust, and the image built over the years.

I want to make it absolutely clear: no illegal conduct will be tolerated.

All information is already being organized and forwarded to the competent authorities. The case will be investigated with the utmost rigor, and all applicable legal measures will be taken to hold those involved accountable.

The company will fully cooperate with the police and judicial investigations.

Internally, we have already begun a complete review of all financial controls, contracts, and transactions carried out in recent periods. New governance mechanisms are being implemented to ensure that situations like this never happen again.

This is a moment of indignation, but also of action.

We will not hide the truth. We will not protect mistakes. We will not back down in the face of irregularities.

At the same time, I reiterate that the company continues to operate and that the entire current management is committed to rebuilding not only its financial health, but also the integrity and trust that have been shaken.

This process will not be simple. There will be exposure, confrontation, and consequences.

But it will be necessary.

We are turning a difficult page—and doing so in the right way: with transparency, responsibility, and respect for the law.

We will remain firm, facing each fact with seriousness and taking all necessary measures to protect the company, its employees, and its future.

Sincerely,
[Your Name]
President

23/03/2026

OFFICIAL STATEMENT – RESTRUCTURING, END OF CYCLE, AND FINANCIAL RESPONSIBILITY

Today, in my capacity as President, I am making a public statement to address one of the most delicate and decisive moments in the company's history.

After a thorough, meticulous, and responsible analysis of the company's entire internal, financial, and contractual structure, the decision was made to terminate Bill Parke's relationship with the organization.

This was not a simple or impulsive decision. It was a necessary one.

Upon assuming the Presidency, I found a company burdened by a series of high-impact financial obligations, many of them directly linked to previously signed contracts. Among these commitments, a large contract stands out, with a total value of $5,670,000, in addition to recurring monthly costs in the range of $56,000.

These figures alone demonstrate the level of financial pressure the company has been facing.

In addition to this, there is also the monthly responsibility for employee payroll—people who depend directly on the company's health to maintain their lives, their families, and their stability. This makes the scenario even more sensitive and demands firm, responsible, and, above all, sustainable decisions.

Maintaining structures and contracts that are not aligned with the company's current reality is no longer an option.

Bill Parke's departure therefore represents the end of a cycle and the beginning of a new phase, where every relationship, every contract, and every decision will be analyzed with a much higher level of rigor, responsibility, and strategy.

We are promoting a profound restructuring.

This includes a complete review of active contracts, renegotiations, necessary cuts, and the implementation of a new financial policy based on control, predictability, and sustainability.

It's not just about reducing costs. It's about saving the company.

Each value mentioned here—millions in contracts, tens of thousands in monthly costs, and a payroll that demands continuous commitment—reinforces the magnitude of the responsibility being assumed. And that is precisely why difficult decisions are being made now.

I want to make it clear: all measures taken have a single objective — to guarantee the company's continuity, protect its operation, and allow it to grow again in a healthy and structured way.

There is no longer room for excesses, disorganization, or compromises that jeopardize the organization's future.

This is a time of cutting, adjusting, and rebuilding.

And despite the hardship of the decisions, they are necessary so that we can, in the future, look back and say that this is where everything began to change.

We remain firm, responsible, transparent, and fully focused on the recovery and strengthening of the company.

23/03/2026

OFFICIAL OUTBURST – A TRUTH THAT NEEDS TO BE TOLD

Today I write not just as President to announce changes or project the future. I write as someone who has assumed an enormous responsibility and who has encountered a reality far harsher than any initial expectation.

The situation at CLM is critical.

It's not comfortable to say this, but it's necessary. There is an accumulation of structural, operational, and, above all, financial problems that have been ignored, postponed, or poorly managed over time. And when problems are pushed forward, they don't disappear—they grow. And they have grown.

Today we are dealing with a debt exceeding $860,000.

This number is not just a value. It represents wrong decisions, lack of planning, absence of control, and, at times, negligence. It represents sleepless nights, constant pressure, and a company that, if it doesn't change immediately, is at serious risk.

Furthermore, there are serious issues related to the previous financial management, especially regarding the handling of the company's accounts. The lack of transparency, organization, and accountability in resource management has had direct impacts that we are now facing harshly and inevitably.

I am not here to lightly point fingers, but I also cannot ignore the facts. There were failures. Serious failures. And these failures have real consequences.

Assuming the Presidency in this scenario is not about status. It's about facing a large, complex, and urgent problem. It's about having to make difficult, often unpopular, but necessary decisions to avoid total collapse.

There is enormous pressure. There is accountability. There is uncertainty.

But there is also something that cannot be lacking: responsibility.

And that is exactly what I am bringing into the company.

We are initiating a rigorous financial reorganization process. Every contract will be reviewed. Every expense will be analyzed. Every decision will be subject to much more technical, strategic, and responsible criteria.

There will be no more room for lack of control.

We are also reassessing the entire internal structure, processes, and people involved. The company needs to regain its foundation, discipline, and direction. Without this, no growth is sustainable.

This moment isn't pretty. It's not inspiring. It's not easy to communicate.

But it's real.

And facing reality is the first step to changing any situation.

I want to make it clear: the company hasn't ended. But it also can't continue as it was.

The path now will be one of reconstruction. A harder, more demanding path, with no shortcuts.

Those who stand by our side need to understand this.

We are correcting mistakes, paying the price for past decisions, and at the same time, building a new future—more solid, more conscious, and much more prepared.

This is a commitment.

And it will not be broken.

Malkke WicCkham
President

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